Wall Street analysts expect Nexstar Media Group Inc (NASDAQ:NXST) to report $617.81 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Nexstar Media Group’s earnings. The highest sales estimate is $630.68 million and the lowest is $600.60 million. Nexstar Media Group reported sales of $540.32 million in the same quarter last year, which suggests a positive year over year growth rate of 14.3%. The firm is scheduled to report its next earnings report on Tuesday, May 8th.
According to Zacks, analysts expect that Nexstar Media Group will report full-year sales of $617.81 million for the current fiscal year, with estimates ranging from $2.70 billion to $2.79 billion. For the next financial year, analysts anticipate that the business will report sales of $2.73 billion per share, with estimates ranging from $2.69 billion to $2.79 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Nexstar Media Group.
Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Tuesday, February 27th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.23. The company had revenue of $653.66 million for the quarter, compared to analyst estimates of $645.98 million. Nexstar Media Group had a return on equity of 14.44% and a net margin of 19.53%. Nexstar Media Group’s quarterly revenue was up 110.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 EPS.
Shares of Nexstar Media Group (NASDAQ:NXST) opened at $70.35 on Wednesday. The stock has a market capitalization of $3,299.12, a price-to-earnings ratio of 18.07, a PEG ratio of 0.69 and a beta of 1.82. Nexstar Media Group has a 1-year low of $55.95 and a 1-year high of $82.95. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.70.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 16th were paid a $0.375 dividend. The ex-dividend date was Thursday, February 15th. This is a positive change from Nexstar Media Group’s previous quarterly dividend of $0.30. This represents a $1.50 annualized dividend and a yield of 2.13%. Nexstar Media Group’s dividend payout ratio (DPR) is 15.02%.
In other Nexstar Media Group news, SVP Blake Russell sold 20,000 shares of the stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $78.31, for a total value of $1,566,200.00. Following the completion of the transaction, the senior vice president now directly owns 42,861 shares in the company, valued at $3,356,444.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lisbeth Mcnabb sold 5,000 shares of the stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $79.61, for a total value of $398,050.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $398,050. The disclosure for this sale can be found here. Insiders sold 35,000 shares of company stock worth $2,755,550 over the last ninety days. 8.40% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of NXST. Hound Partners LLC bought a new position in Nexstar Media Group in the fourth quarter valued at about $285,716,000. Windacre Partnership LLC bought a new position in Nexstar Media Group in the fourth quarter valued at about $58,595,000. Rovida Advisors Inc. raised its position in Nexstar Media Group by 940.8% in the third quarter. Rovida Advisors Inc. now owns 506,743 shares of the company’s stock valued at $31,570,000 after purchasing an additional 458,055 shares during the last quarter. Cardinal Capital Management LLC CT raised its position in Nexstar Media Group by 61.1% in the fourth quarter. Cardinal Capital Management LLC CT now owns 1,134,842 shares of the company’s stock valued at $88,745,000 after purchasing an additional 430,454 shares during the last quarter. Finally, Deprince Race & Zollo Inc. bought a new position in Nexstar Media Group in the third quarter valued at about $22,069,000.
About Nexstar Media Group
Nexstar Media Group, Inc, formerly Nexstar Broadcasting Group, Inc, is a television broadcasting and digital media company. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites, and digital media services in medium-sized markets in the United States.
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